In addition to the consultation on the second exposure draft of the Financial Markets Conduct Regulations, the Ministry of Business Innovation and Employment (MBIE) is also consulting on the proposed licence fees under the Financial Markets Conduct Act 2013 (FMC Act) for the following market services providers:

  • Managers of registered managed investment schemes;
  • Discretionary investment management service providers;
  • Independent trustees of restricted schemes;
  • Derivatives issuers; and
  • Regulated intermediaries (such as person-to-person lending services and crowd-funding platforms).

MBIE is also seeking feedback on increased rates for some of the existing FMA fees that fund certain services such as authorising market participants, applications, exemptions and the registration of some documents or schemes.

The discussion document is available on MBIE's website here. Submissions on the proposals close on 21 January 2014.

The licensing regime is expected to come into effect on 1 April 2014.